Core Viewpoint - Guanghe Tong (00638) has rebounded nearly 7%, reaching a peak of 18.85 HKD, although still over 12% lower than its IPO price [1] Company Performance - As of the latest report, the stock is up 4.7%, trading at 18.49 HKD with a transaction volume of 81.8 million HKD [1] - The company is the second largest wireless communication module provider globally, holding a market share of 15.4% based on revenue from ongoing operations in 2024 [1] Market Position - In the global wireless communication module market, the company leads in several downstream application scenarios [1] - It holds the number one market share in smart home and consumer electronics, with a significant 75.9% share in the consumer electronics sector [1] - In the automotive electronics sector, the company ranks second globally, driven by the surge in demand for high-reliability modules in the new energy vehicle pre-installation market [1] Technological Advancements - The company has made strides in AI edge deployment, launching the Fibocom AIStack technology platform that supports efficient inference for mainstream models across different chip platforms [1] - It has introduced various solutions including cameras, toys, trackers, and MiFi devices, with mass production of lawnmower solutions already achieved [1] - A new RTK visual fusion positioning solution has been developed in collaboration with leading companies in the multi-legged robot sector [1] Future Plans - The company plans to list in Hong Kong this year, with funds raised aimed at further investment in AI modules and robotics to accelerate industry layout [1]

Core Viewpoint - Guanghetong (00638) has rebounded nearly 7%, reaching a high of HKD 18.85, although it remains over 12% lower than its IPO price [1] Market Performance - As of the report, the stock is up 4.7%, trading at HKD 18.49, with a transaction volume of HKD 81.759 million [1] Company Positioning - According to Frost & Sullivan, the company is the second-largest wireless communication module provider globally, holding a market share of 15.4% based on revenue from ongoing operations in 2024 [1] - The company leads in several downstream application scenarios, achieving the highest global market share in smart home and consumer electronics, particularly with a 75.9% share in the consumer electronics sector [1] - In the automotive electronics sector, the company ranks second globally, benefiting from the surge in demand for high-reliability modules in the new energy vehicle pre-installation market [1] Technological Advancements - Haitong International previously noted that the company's AI edge deployment has entered the industrial implementation phase [1] - The company has independently developed and launched the Fibocom AIStack technology platform, which supports efficient inference of mainstream models across different chip platforms [1] - The company has introduced various solutions, including for cameras, toys, trackers, and MiFi devices, and has achieved mass production of its lawnmower robot solution [1] - A new RTK visual fusion positioning solution has been developed in collaboration with leading companies in the multi-legged robot sector [1] Future Plans - The company plans to list in Hong Kong this year, with the raised funds aimed at further investments in AI modules and robotics, accelerating its industrial layout [1]

Core Viewpoint - Guanghe Tong (300638) has listed today but is experiencing a significant decline in share price, dropping over 8% shortly after opening [1] Group 1: Company Performance - In the first half of 2025, the company reported a revenue of 3.707 billion yuan, a year-on-year decrease of 9.02%, and a net profit attributable to shareholders of 218 million yuan, down 34.66% [1] - The company's net profit excluding non-recurring items was 202 million yuan, reflecting a decline of 36.06% year-on-year [1] - Excluding the impact of Ruilin's wireless vehicle-mounted pre-installation business, the company's revenue grew by 23.49% year-on-year, and net profit attributable to shareholders increased by 6.54% [1] Group 2: Industry Developments - Haitong International noted that the company's AI edge layout has entered the stage of industrial implementation, with the launch of the Fibocom AIStack technology platform [1] - The company has developed various solutions, including for cameras, toys, trackers, and MiFi devices, and has achieved mass production of its lawnmower solutions [1] - New RTK visual fusion positioning solutions have been established in collaboration with leading companies in the multi-legged robot sector [1] - The company plans to raise funds through its Hong Kong listing to further invest in AI modules and robotics, accelerating its industrial layout [1]

Group 1 - Guanghe Tong (00638) debuted today with a significant decline, currently down 8.65% at HKD 19.64, with a trading volume of HKD 396 million [1] - Guanghe Tong is a leading enterprise in the A-share wireless communication module sector, with products covering automotive electronics, smart home, consumer electronics, and smart retail [1] - In the first half of 2025, the company reported a revenue of CNY 3.707 billion, a year-on-year decrease of 9.02%, and a net profit attributable to shareholders of CNY 218 million, down 34.66% [1] Group 2 - Excluding the impact of Ruilin's wireless vehicle-mounted pre-installation business, the company's revenue grew by 23.49% year-on-year, and net profit attributable to shareholders increased by 6.54% [1] - Haitong International noted that the company's AI edge layout has entered the industrial implementation phase, with the launch of the Fibocom AIStack technology platform supporting efficient inference of mainstream models across different chip platforms [1] - The company plans to use funds raised from its Hong Kong listing to further invest in AI modules and robotics, accelerating its industrial layout [1]